Pacific & Western Bank of Canada to Pay Quarterly Dividend on Series
1 Preferred Shares

January 08, 2015 03:21 PM Eastern Standard Time

LONDON, Ontario--(BUSINESS WIRE)--Pacific & Western Bank of Canada (TSX:PWB) today announced that its
Board of Directors has declared a quarterly cash dividend on its 7.0%
Series 1 Preferred Shares (TSX:PWB.PR.A.). The dividend of $0.176 per
Series 1 Preferred Share is payable, subject to the approval of the
Toronto Stock Exchange (“TSX”), on January 31, 2015 to shareholders of
record at the close of business on January 19, 2015. The dividend to
which this notice relates is an eligible dividend for tax purposes.

About Pacific & Western Bank of CanadaThe Bank, a
Canadian Schedule I chartered bank, operates using a “branchless model”.
It raises deposits electronically and invests these deposits in consumer
and commercial loans and leases, as well as residential development and
commercial mortgages.

The Bank’s Series 1 Preferred Shares trade on the TSX under the symbol
PWB.PR.A.